Tag Archives: Bengaluru real estate news

Kumari Builders and Developers invests INR 300 crore in 46-acre villa project

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News Point: Kumari Hamlets promises to balance the stress of urban living with lush green spaces and more.

Track2Realty, Track2Media, India Real Estate, Valuations of Real Estate, Realty News, Property News,Kumari Builders and Developers is investing INR 300 crore in a 46-acre villa project in the city. Through this investment in Kumari Hamlets, the Bengaluru-based residential real estate developer is expanding its property portfolio by 1.8 million sq ft.

Established in 2012, Kumari Builders and Developers positions itself to fulfil the housing needs of working professionals. Its aim is to help young professionals take their first step into affordable independent living.

Ashok Naidu, Director, Kumari Builders and Developers, says, “We are investing INR 300 crore in Kumari Hamlets as it is one of our most promising projects. We have built a space where you can be with nature. Here you get to relax, refresh and rejuvenate, making the imprint of coming home the best feeling ever. Seeing the vast potential for connectivity and infrastructure development, Malur has emerged as the most feasible location for this project. The affordability factor has enabled us to transfer the benefit to our customers.”

 Located just 40 to 50 minutes from the Hope Farm, Whitefield and well connected to major business hubs, Kumari Hamlets is the ideal destination for people who prefer to experience a relaxed lifestyle.

Spread across 46 acres with about 750 units, the project aims to connect its residents with nature. With more than 4,000 trees and 8 acres of parks, the setting is perfect to de-stress from your busy life.

With the intention of making villas affordable for people in the mid-income group, the best of architectural minds have designed Kumari Hamlets, with prices starting at INR 60 lakh.

“Villa projects with quality construction that are situated in and around business hubs are priced at the higher end. We want to enable professionals working around these prime locations to own their dream villa at rates that are accessible to them,” explains Ashok. He further adds that the project is within 40-45 minutes of drive time from some of the major IT hubs.

“With real estate market back on track, what better time than now to announce a project that caters to the needs of the mid income group. The project offers a home that lets them be one with Nature while living in a burgeoning city,” adds Ashok.

Puravankara to launch BluNex Life – NexGen Intelligent Homes

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News Point: Integrates smart home features through integration with Google Home Devices in Puravankara projects.

Ashish R Puravankara, Puravankara Ltd, Puravankara Projects, Bangalore real estate market, Provident Housing, India real estate news, Indian realty news, Indian property market news, Real estate news India, Track2RealtyIn a move that promises to redefine home living experience, Puravankara Ltd., has announced to launch a new category in their residential line BluNex Life – intelligent next-gen homes for home buyers across the country.

BluNex Life’ will give home buyers and residents a distinct edge by converting their homes into a smart home. As the concept of home automation picks up in India, ‘BluNex Life’ is in line with Puravankara’s vision of providing intelligent homes to new home buyers, who are looking for more smart and safety features, and to stay contemporary.

Puravankara plans to collaborate with Google to integrate residential units with Google Home devicesHaving homes that are preinstalled with Google Home devices will allow residents to convert their living space into voice enabled smart homes. 

This will give them the capability to control compatible smart home appliances, listen to music on demand, stay on top of their day to day activities and bring the power of the Google Assistant into their homes.

Puravankara will provide smart home solutions across several existing and upcoming Puravankara projects across the country. ‘BluNex Life’ will give home buyers and residents a distinct edge by converting their homes into a smart home.

Speaking about the partnership,Ashish R Puravankara, MD Puravankara Limited, said “BluNex Life is the next big leap in Home Automation. While India has been at the cutting edge of technology integration at work places, but when it comes to home automation we have not been the early adopters. Our in-house R&D cell has been looking into methodologies that would allow for seamless integration of open architecture technologies into traditional brick & mortar homes, and with the launch of BluNex Life we have achieved just that. As a first step we are collaborating with Google to seamlessly integrate the Google Home, enabling intuitive control of fixtures and home appliances.”

Roll-out plan of BluNex Life homes

First phase: Puravankara will launch smart pre-defined home solutions across its portfolio of new and ongoing projects in Bengaluru.

Second phase: The solution shall be extended to existing Puravankara customers, which will enable them to upgrade to the BluNex Life at a nominal price.

Third Phase: BluNex Life homes will be launched in other cities – Chennai, Hyderabad, Pune, Mangalore, Goa.

BluNex Life Homes

Better: BluNex Life will bring interactive and connected devices, IoT-enabled services, with an objective to make homes safer with smart features.

Safer: BluNex Homes will ensure data security and protection to the residents who are connected to multiple devices and internet 24×7.

Smarter: BluNex Life will integrate Google Home, to allow users to simply use their voice to control smart home devices by issuing simple commands like “Ok Google, turn on the lights”, or “Ok Google, switch off the living room TV.”

“We are proud to launch BluNex Life, the Next Generation Intelligent homes in collaboration with Google. With a user-friendly interface and the ability to recognize multiple users in the family, BluNex Life is accessible across generations, truly family-oriented tech,” adds Puravankara.

Sumadhura Group launches Sumadhura Nandanam in East Bengaluru

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News Point: Sumadhura aso plans to foray into commercial office segment with a 1 million sq ft grade A office space in Bengaluru. 

Sumadhura Nandanam, Sumadhura brand ambassador MS Dhoni, Bengaluru real estate news, Bengaluru property market news, Bengaluru property investment, India real estate news, New property launches in Bengaluru, Indian realty news, Real estate news India, Indian property market news, Track2RealtySumadhura Group has launched its premium residential project ‘Sumadhura Nandanam’ in Hoodi Junction, Whitefield, Bengaluru.

This high-rise luxury project is spread across 2.6 acres with 80% open spaces, offering 250 units with 2, 2.5 and 3 BHK configurations. This comes at the back of their recent launch of a project Sumadhura Eden Garden, spread across 14 acres in Whitefield.

This luxurious gated community in Whitefield is located close to top-rated educational institutions, healthcare facilities, major retails, five-star hotels, premium restaurants and entertainment destinations, which places its residents at the very center of action.

Connectivity options from Sumadhura Nandanam are abundant, with metro station at Hoodi which will soon be functional, one can travel from Hoodi to Byappanahalli in minutes. Also, easy access to Outer Ring Road extending all the way from the Silk Board Junction to Hebbal, and linking Electronic City to Whitefield.

Madhusudhan G, Chairman and Managing Director of Sumadhura Group, said, “Living at Sumadhura Nandanam will provide its owners the unique advantage of being flanked by an already expanding IT hub which is well-connected to all the social infrastructures. The project offers spacious and contemporary living with a wide range of amenities that are crafted to perfection.”

“Our unique customer centric business model has a proven track record of innovation and quality, and also has been instrumental in the group’s rapid growth. While we have made significant inroads across Bengaluru and Hyderabad over the last two decades having completed over 30 residential projects, we are now entering into commercial office segment with a one million sft grade A plus office space in Whitefield, Bengaluru being planned,” he added.

MS Dhoni, Brand Ambassador of Sumadhura Group at the launch of Sumadhura Nandanam said, “Bengaluru is one of my favourite cities and the cosmopolitan nature of the city is second to none. Having travelled across the world and having witnessed many of the world-class projects, I believe the offerings from Sumadhura Group are comparable to the best. I am a firm believer of hard work, punctuality and integrity, along with the altruistic value of giving back to the society. Those are some of the values that strongly resonate with Sumadhura Group as well, and I am delighted to be a part of their growth journey. Also, what makes the brand truly stand out among the pack, is their history of consistently delivering on-time projects that are high on quality, with an innate ability to take calculated risks towards fuelling their growth. I’m also happy to see the holistic approach adopted by them across their projects, where aspects such as sports and recreation are given prominence, helping foster a conducive environment for adults and children alike.”

Sumadhura Nandanam offers clean, green, quiet environment with aesthetic structures, vastu compliant floor plans, well-ventilated internal spaces and enduring construction quality. It houses a mega Clubhouse providing a plethora of sports activities and a state-of-the-art gymnasium. There is a premium lounge pool with vanishing edges and toddler’s pool for kids.

The Sumadhura Nandanam homes come with many global luxury brands such as Grohe, TOTO, V-Guard, Havells, Schindler, Asian Paints and LG Hausys uPVC Doors & Windows.

One could take a therapeutic walk in the beautifully-landscaped aroma gardens and soothe the senses in all-encompassing greenery throughout the project.

This premium project also features a festival plaza, a mini football court, open lawn, elders’ court, a dedicated jogging path, water feature with sculptures, children’s play area, cricket practice nets, yoga/aerobics room along with multi-purpose court. Inhabitants could also spend leisure hours playing table tennis, chess, carrom, air hockey, foosball.

What makes Bangalore attractive business destination?

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Bottom Line: Bangalore has the highest office space consumption per household that indicates its high demand as attractive business destination. 

Bangalore City, Bangalore real estate market, India real estate news, Indian property market, NRI investment in Bangalore, Housing demand in silicon valley, Track2RealtyOne of the fundamental reasons why Bangalore has been the prime demand driver of residential real estate is that the city has a thriving economic activity. It is, as a matter of fact, the leading city in terms of the absorption of office space and that is fuelling the demand for the housing. However, it would be necessary to understand the dynamics of business & economy of the city to understand what makes Bangalore such an attractive business destination.

An analysis by Track2Realty vis-à-vis the volume of office space consumption per household – not only in India but also internationally in London, Singapore, New York, Tokyo etc concludes that there is equilibrium when the office space consumption is around 60-65 sq feet per household. In India it is rather surprising that the ratio per household even in a city like Mumbai is 25 sq feet. Kolkata has a dismal only 14-15 sq feet office space per household. In Delhi-NCR it is again 20-25 sq feet per household.

Bangalore is the only face-saver in India where the absorption is 50 sq feet office space per household which means the volume of office space and houses being supplied have been in equilibrium. That is the reason why Bangalore is a realistic market.

In London despite of so much population pressure it still has 50-55 sq feet per household. Singapore has 60-65 sq feet per household; New York has 160 sq feet per household. Now since Bangalore maintains that equilibrium it is so attractive to the end users. Investors won’t be attracted unless they are very long-term player. 

A JLLI report also points to the fact that Bangalore has helped India debut on the ‘City Momentum Index’ (CMI) Top 20 list this year– an annual survey carried out by Jones Lang LaSalle globally. Reinforcing the city’s status of being one of India’s premier technology centres, Bangalore figures at No. 12 in the Top 20 technology-rich cities globally. The economic as well as real estate momentum has gained pace as tech-industry majors line up to enter the market, or expand, here.

This also raises a question as to whether Bangalore is slowly shaping up as the next financial nerve centre. Ashish Puravankara, Managing Director, Puravankara Projects believes the companies are also realising the cost of doing business in Bangalore. The average rental cost of office space per sq feet in Bangalore is about 45 rupees and that works well for the companies. Then from the customers’ point of view, the average cost of housing in Bangalore is 5,500 rupees and that works well for their workforce. So, it is all supporting each other and it is not that one factor alone is driving the market.

“If the prices have become unaffordable due to high demand in the city, people would have started looking at Chennai. I am not sure about the question of whether Bangalore will be the next financial capital but this city has tremendous economic activity. The reason why companies are setting up offices here is cosmopolitan culture, great weather and access to educated workforce. So, all this is adding on to the employment and that employment is creating the housing demand. I know very many people who have moved from Delhi or Mumbai for work; they have no connection or roots here,” says Purvankara. 

With the share of per household office space consumption being highest in Bangalore, the question is whether the developers in the city have been beneficiary of this by default or they have been part of making the eco system conducive. 

Joe Verghese, Managing Director, Colliers International thinks it all came together and the developers have been lucky also and have also played very valuable role.

“I don’t want to undermine the value of their trust quotient. It is a fact that investor today trusts these guys more than any other developer in any other part of the country. The reason why they trust is that these guys have been more professional to keep their word. I don’t see too many disputes between the developer and investor or between the fellow developers in Bangalore market,” says Verghese.

It can be conveniently vouchsafed that even beyond the issue of cost of doing business and the ease of doing business, Bangalore has the potential to attract the business houses better than many other cities. One reason is weather and the other is safety.

For example, four large companies in Gurgaon are today planning to shift to Bangalore post the earthquake tremors in Delhi-NCR. They are large MNCs with 3-4 million sq foot facility in Gurgaon. The kind of list of compliances that they have, including safety, they have started working on moving to Bangalore.

Thus, while office market is a true indicator of the resilience of Bangalore real estate, there are several underlying factors supporting that. Collectively, they make Bangalore shape up as arguably the best business destination in the country.